Directions: There are 20 blanks in the following passage. For each blank there are four choices marked A, B, C and D on the right side of the paper. You should choose the ONE that best fits into the passage. Then mark the corresponding letter on Answer Sheet 2 with a single line through the centre.
The term e-commerce refers to all commercial transactions conducted over the Internet, including transactions by consumers and business-to-business transactions. Conceptually, e-commerce does not 1 from well-known commercial offerings such as banking by phone, "mail order" catalogs, or sending a purchase order to supplier 2 fax.E-commerce follows the same model 3 in other business transactions; the difference 4 in the details.
To a consumer, the most visible form of e-commerce consists 5 online ordering. A customer begins with a catalog of possible items, 6 an item, arranges a form of payment, and 7 an order. Instead of a physical catalog, e-commerce arranges for catalogs to be 8 on the Internet. Instead of sending an order on paper or by telephone, e-commerce arranges for orders to be sent 9 a computer network. Finally, instead of sending a paper representation of payment such as a check, e-commerce 10 one to send payment information electronically.
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